Jahwa Electronics Co. Ltd. (KOSE: A033240) announced a private placement of series 4 unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 50,000,000,000 on June 9, 2021. The transaction will involve participation from funds from Rhinos Asset Management Co., Ltd for KRW 10,000,000,000, ANDA Asset Management Co., Ltd. for KRW 8,500,000,000, DB Asset Management Co., Ltd. for KRW 7,000,000,000, C-Square Asset Management for KRW 6,500,000,000, Timefolio Asset Management Co.,Ltd for KRW 5,000,000,000, GB A Asset Management Co., Ltd. for KRW 3,000,000,000, NH Hedge Co., Ltd. for KRW 3,000,000,000, BNK Securities Co., Ltd., Investment Arm for KRW 1,500,000,000, Shinhan Financial Investment Co., Ltd., Investment Arm for KRW 1,000,000,000, Hanyang Securities Co., Ltd., Investment Arm for KRW 2,500,000,000, SK Securities Co., Ltd., Investment Arm for KRW 1,000,000,000, and eBest Investment Securities Co., Ltd., Investment Arm for KRW 1,000,000,000. The bonds carry a coupon rate of 0% with yield to maturity at 0%. The bonds will mature on June 11, 2024 and will be fully convertible into 2,322,233 shares at a conversion price of KRW 21,531 per share for 12.97% stake. The conversion period starts on June 11, 2022 and ends on May 11, 2024. The payment date is June 11, 2021. The bonds to be issued will have a hold period of one year, post the closing.

On December 13, 2021, the company announced that the bonds will be fully convertible into 2,393,146 shares at a conversion price of KRW 20,893 per share.